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Best Growth Stocks to Buy for October 30th
ZACKS· 2024-10-30 13:06
Here are three stocks with buy ranks and strong growth characteristics for investors to consider today October 30th: Urban Outfitters (URBN) : This company which is a lifestyle specialty retailer that offers fashion apparel and accessories, footwear, home décor and gifts products, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its next year earnings increasing 0.3% over the last 60 days. Urban Outfitters has a PEG ratio of 0.88 compared with 2.16 for the industry. T ...
Progressive: Skyrocketing Car Insurance Costs Increase Consumer Price Sensitivity
Seeking Alpha· 2024-10-28 20:53
The insurance industry has performed exceptionally well in 2024, with the Insurance ETF ( IAK ) rising by ~30% with particularly low volatility and drawdowns. Among them is the auto insurance company Progressive (NYSE: PGR ). PGR has increased byHarrison is a financial analyst who has been writing on Seeking Alpha since 2018 and has closely followed the market for over a decade. He has professional experience in the private equity, real estate, and economic research industry. Harrison also has an academic b ...
Looking for a Growth Stock? 3 Reasons Why Progressive (PGR) is a Solid Choice
ZACKS· 2024-10-21 17:45
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Sty ...
Should Progressive Be in Your Portfolio Post Q3 Earnings?
ZACKS· 2024-10-18 18:00
The Progressive Corporation (PGR) reported solid third-quarter 2024 results, wherein the top line and the bottom line beat the Zacks Consensus Estimate. Net premiums written improved 25%, driven by the strong performance of operating businesses. Combined ratio — the percentage of premiums paid out as claims and expenses — improved 340 basis points (bps) from the prior-year quarter's level to 89. PGR is one of the country's largest auto insurance groups, the largest seller of motorcycle and boat policies, th ...
2 Finance Stocks to Buy After Q3 Earnings: PGR & PNC
ZACKS· 2024-10-17 23:26
Insurance giant Progressive Corporation (PGR)  and banking leader PNC Financial Services Group (PNC)  are two top-rated finance stocks to consider after exceeding their Q3 top and bottom line expectations on Tuesday.Here’s a brief review of their Q3 reports and a look at why now is still a good time to buy Progressive shares which have soared nearly +60% year to date and PNC’s stock which has risen over +20% in 2024.Image Source: Zacks Investment Research Progressive’s Q3 Results Zacks Rank #1 (Strong Buy) ...
Progressive Leads the Way as Analysts Bet Big on Insurance Stocks
MarketBeat· 2024-10-17 14:03
Most investors dismiss insurance stocks as the boring niche in the finance sector without realizing that this industry could significantly outperform all others during an economy ridden by threats of prolonged higher inflation. Today's environment is ripe for insurance businesses to rally further into the year, if not continue their bullish momentum into 2025. Progressive Today | --- | --- | |-----------------------|-------| | | | | PGR | | | Progressive | | | $255.67 | | | +0.30 (+0.12%) | | | 52-Week Rang ...
Progressive Is A Buy On Its Justified Valuation
Seeking Alpha· 2024-10-16 05:15
The Progressive Corporation (NYSE: PGR ) is an insurance giant that got its start in 1937 , and has been serving its policyholders since. Looking back ten years to now, we can see that Progressive has done two things:Financial advisor and social science educator from Southern California.I have an obsession with alternatives, income-producing assets, and technology firms. My work will mostly cover equities, funds, and fixed income; macroeconomic and geopolitical analysis, asset allocation, and tech."History ...
Progressive's Q3 Earnings & Revenues Top, Premiums Rise Y//Y
ZACKS· 2024-10-15 17:51
The Progressive Corporation’s (PGR) third-quarter 2024 earnings per share of $3.97 beat the Zacks Consensus Estimate of $3.40. The bottom line more than doubled year over year. Operating revenues of $19.5 billion improved 24.9% year over year and beat the consensus estimate by 2.6%.Shares rose 0.8% in the pre-market trading session to reflect the outperformance.Behind the HeadlinesNet premiums written were $19.5 billion in the quarter, up 25% from $15.6 billion a year ago. Net premiums earned grew 23% to $1 ...
Progressive(PGR) - 2024 Q3 - Quarterly Results
2024-10-15 12:39
NEWS RELEASE PROGRESSIVE The Progressive Corporation Company Contact: 300 North Commons Blvd. Douglas S. Constantine Mayfield Village, Ohio 44143 (440) 395-3707 http://www.progressive.com investor_relations@progressive.com PROGRESSIVE REPORTS SEPTEMBER RESULTS MAYFIELD VILLAGE, OHIO -- October 15, 2024 -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended September 30, 2024 and the third quarter of 2024: | --- | --- | --- | --- | --- | --- | --- | --- | |-------- ...
Progressive Reports September 2024 Results
GlobeNewswire News Room· 2024-10-15 12:21
MAYFIELD VILLAGE, OHIO, Oct. 15, 2024 (GLOBE NEWSWIRE) -- The Progressive Corporation (NYSE:PGR) today reported the following results for the month ended September 30, 2024 and the third quarter of 2024: | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------|-------|-------|---------------|-----------|-------|--------------|-----------| | | | | | | | | | | | | | September | Quarter | | | | | (millions, except per share amounts and ratios; unaudited) | ...